Tarpon Springs is located in a good market for 5+ unit multifamily loans. Multifamily loans in Tarpon Springs are considered lower risk due to market size and stable regional economy. Interest rates for multifamily loans in Tarpon Springs are competitive. Tarpon Springs apartments may be eligible for non-recourse multifamily loans up to 80% and other favorable terms like long term fixed rates and interest only payment options. SoftQuotes' lenders will lend on 5+ unit multifamily properties in Tarpon Springs.
SoftQuotes' Fannie Mae® and Freddie Mac® lender rates for 5+ unit multifamily loans in Tarpon Springs are:
Fannie Mae® |
$1M to $6M |
|---|---|
| 5 Year Fixed | 6.56% - 7.30% |
| 7 Year Fixed | 6.46% - 6.97% |
| 10 Year Fixed | 6.40% - 6.80% |
Freddie Mac® |
$1M to $7.5M |
|---|---|
| 5 Year Fixed | 5.44% - 5.68% |
| 7 Year Fixed | 5.28% - 5.52% |
| 10 Year Fixed | 5.19% - 5.43% |
Fannie Mae® |
$6M to $100M |
|---|---|
| 5 Year Fixed | 6.36% - 7.10% |
| 7 Year Fixed | 6.26% - 6.77% |
| 10 Year Fixed | 6.20% - 6.60% |
Freddie Mac® |
$7.5M to $100M |
|---|---|
| 5 Year Fixed | 5.60% - 5.75% |
| 7 Year Fixed | 5.61% - 5.76% |
| 10 Year Fixed | 5.61% - 5.76% |
All major multifamily lender types are lending in Tarpon Springs.
The city of Tarpon Springs in Pinellas County has a population of 25,577. The median rent in Pinellas County for a 2 bedroom is $1,375. The median Tarpon Springs resident is 52 years old with a yearly income of $25,229. The average family has 3.14 members and a median household income of $50,012. Tarpon Springs has a 26% higher education rate. The unemployment rate in Tarpon Springs is 6.9%.
28.8% of Tarpon Springs households are renters.
33.7% median household income spent on rent.
Bedrooms |
Pinellas County 1 |
Florida 2 |
National 2 |
|---|---|---|---|
| Studio | $1,070 | $822 | $737 |
| 1 bedroom | $1,125 | $891 | $813 |
| 2 bedroom | $1,375 | $1,089 | $1,015 |
| 3 bedroom | $1,786 | $1,448 | $1,325 |
| 4 bedroom | $2,194 | $1,716 | $1,521 |
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